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3410 Crest Avenue SE

Albuquerque, NM 87106
  • $369,000
  • STATUS: Active
  • ON SITE: 158 Days
  • MLS #: 1022105
UPDATED: 41 min ago
$369,000
  • 1
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,875
    SQFT
  • $197
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated at the beginning of January 2023 and is in the process of being renovated and rented. Amenities and recent improvements include: fresh exterior paint, newer evaporative coolers (each unit), updated bathrooms and kitchens (3 of 4 units). This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed and fully occupied. Investment performance metrics: 6.93% cap rate, 9.18 GRM, $40,200 gross income.

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2023-02-08T21:05:02.517.
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3410 Crest Avenue SE Albuquerque, NM 87106

  • Price: $369,000
  • Status: Active
  • On Site: 158 Days
  • Updated: 41 min ago
  • MLS #: 1022105
1
Beds
1
Baths
0
½ Baths
0.17
Acres
1,875
SQFT
$197
$/SQFT
1951
Built
Neighborhood:
Knob Heights Addn
County:
Bernalillo
Area:
42 - UNM South
Property Description
This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated at the beginning of January 2023 and is in the process of being renovated and rented. Amenities and recent improvements include: fresh exterior paint, newer evaporative coolers (each unit), updated bathrooms and kitchens (3 of 4 units). This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed and fully occupied. Investment performance metrics: 6.93% cap rate, 9.18 GRM, $40,200 gross income.
Exterior Features

Construction Materials Frame Levels One

Interior Features

Appliances Free-Standing Gas RangeRefrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Heating Wall Furnace Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 1875 Community Features Storage Facilities Disclosures Lead Based Paint DisclosurePrincipal is Real Estate LicensedRanm 2100 Disclosure Gross Income 40200 Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalFhaVa Loan New Construction YN No Operating Expense 13334 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2147.76 Tenant Pays ElectricityGas Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Mh*

Southwest MLS] logo Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2023-02-08T21:05:02.517.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109